LOS ANGELES, January 3, 2017 — Air Lease Corporation (NYSE: AL) announced today the placement of one Airbus A350-900 new technology wide body jet on long term lease to Sichuan Airlines (Chengdu, China). The aircraft will deliver in the first quarter of 2019 from ALC’s order book with Airbus. The A350-900 will be primarily operated across the Pacific, linking major cities in China with USA and Canada.

"Sichuan Airlines is a loyal and respected ALC customer that has leased A330-200, A330-300, A319, and A321 aircraft from ALC. Later this year, Sichuan will receive the first A320neo and A321neo leased into China from ALC, also on long term leases and from ALC's order book," said Jie Chen, Air Lease Corporation’s Executive Vice President and Managing Director, Asia.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.

About Sichuan Airlines

Sichuan Airlines Co., Ltd. is a regional airline headquartered on the grounds of Chengdu Shuangliu International Airport in Chengdu, Sichuan in China. Sichuan Airlines serves 108 destinations in 16 countries across Asia, Europe and Australia, including long-haul overseas routes to Vancouver, Melbourne, and Los Angeles, but operates many scheduled domestic flights out of Chengdu Shuangliu Airport and Chongqing Jiangbei International Airport.